Thursday, December 4, 2014

Thursday's Finalists: HCA, MXIM, SLH, COMM

All four of the symbols from Wednesday's markets that survived the early rounds of screening confirmed their trading signals on Tuesday by continuing to trade beyond their 20-day price channels.  (See "Tuesday's Prospects".) The stocks are HCA, MXIM, SLH and COMM.

However, all failed in the finals because their bid/ask spreads on front-month at-the-money calls are greater than 10%. I require single-digit bid/ask spreads for trades of the sort under consideration.

I won't be placing any trades based on Wednesday's markets.

In addition, three stocks came under consideration as trades keyed to earnings announcement. I posted the analysis earlier, "SWHC, FNSR, BIG: Volatility plays".


My shorter-term trading rules can be read here. My longer-term trading rules can be read here. And the classic Turtle Trading rules on which my rules are based can be read here. My volatility trading rules can be read here.

Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

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